Saco VOA Elderly Housing Inc The Paul Hazelton House

EIN: 721355929 501(c)(3)

Alexandria, VA

Total Revenue
$378,483
Total Expenses
$408,970
Total Assets
$1,535,982
Net Assets
$1,474,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ME
Principal Officer
Peter Desjardins
Phone
7033415000
Tax Period
2024-07-01 to 2025-06-30

Saco VOA Elderly Housing Inc The Paul Hazelton House, founded in 1998, is a small nonprofit that reported $378K in total revenue in fiscal year 2024. Net assets of $1.5M represent 47 months of operating reserves.

Mission

Provide housing for low income elderly persons as defined in section 202 of the National Housing Act

Program Service Accomplishments

Program 1
Expenses: $329,192 Revenue: $373,199

Provide housing for low income elderly person as defined se Section 202 of the National Housing Act.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $373,199
Investment Income $5,284
Other Revenue $0
TOTAL REVENUE $378,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $329,192
Other Expenses $408,970
TOTAL EXPENSES $408,970

Year-over-Year Comparison

2024 2023 Change
Revenue $378,483 $355,211 +0.1%
Expenses $408,970 $410,260 0.0%
Net Income $-30,487 $-55,049 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
14
$3,651,421
Total Directors
15
$868,407
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Rase Chairperson 0.00
Officer Director
$0 $0 $0
Derrick Perkins Vice Chair 0.00
Officer Director
$0 $0 $0
Karen Erickson Treasurer 0.00
Officer Director
$0 $0 $0
Karen Hackett Secretary 0.00
Officer Director
$0 $0 $0
Patti Arnold Director 0.00
Director
$0 $0 $0
Shawn Bloom Director 0.00
Director
$0 $0 $0
Carmen Jackson Director 0.00
Director
$0 $0 $0
Keith Knapp Director 0.00
Director
$0 $0 $0
Beth Mullen Director 0.00
Director
$0 $0 $0
Jeanne Peterson Director 0.00
Director
$0 $0 $0
Patrick Sheridan Director 0.00
Director
$0 $0 $0
Janet Stringfellow Director 0.00
Director
$0 $0 $0
Walter J Tejada Director 0.00
Director
$0 $0 $0
Voris Vigee Director 0.00
Director
$0 $0 $0
Michael W King President 0.00
Officer Director
$0 $183,373 $868,407
Peter J Desjardins Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $40,506 $319,503
Kimberly B King Past Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $33,529 $256,810
David W Paskoff Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $17,960 $197,896
Joseph A Budzynski Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $116,809 $465,439
Nancy A Gavin Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $87,852 $285,594
Faith A Nutz Asst. Secretary/Asst. Treasurer 0.00
Officer
$0 $20,168 $169,200
David Nisivoccia Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $74,234 $516,603
Paul F Soczynski Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $30,221 $378,447
Dejernette Beaty Asst. Treasurer/Asst. Secretary 0.00
Officer
$0 $20,135 $193,522
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $378,483 $408,970 $1,535,982 $-30,487
2024 $355,211 $410,260 $1,574,256 $-55,049
2023 $344,709 $431,725 $1,630,237 $-87,016
2022 $337,756 $386,440 $1,712,478 $-48,684
2021 $325,694 $387,785 $1,739,278 $-62,091
2020 $319,779 $393,029 $1,796,788 $-73,250
2019 $316,467 $381,023 $1,868,334 $-64,556
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